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Performance Guarantee 

Quantity Surveying and Contracts Management

Answer in Short

The contractor shall submit an inrevocable Performance Guarantee of 5% (Five percent) of the tendered amount in addition to other deposits mentioned elsewhere in the contract for his proper performance of the contract agreement, (not withstanding and

Explanation

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More Questions from Quantity Surveying and Contracts Management Module 5

<p><strong>Define  Estimate ?</strong></p>
<p><strong>Types of Estimate ​​​​​​</strong></p>
<p><strong>Comparison between market value and book value </strong></p>